“The most important relief for all businesses would be the reduction in time limit for reopening of assessment to three years for normal cases, and only in case of concealment of income of over Rs 50 lakh, it has been retained at 10 years. This would also go a long way in boosting the investor confidence and ensuring tax certainty,” says Divakar Vijayasarathy, Founder and Managing Partner at DVS Advisors LLP.